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20121121
20121129
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but there was really nothing you could do plan for it. the election determined whether or not this was going to happen. >> reporter: accountants say for a married couple making $250,000 and filing separately it will cost you about $250. it's not a huge bill but in the bay area where real estate is higher and the cost of living is greater, for most households, disposable income is smaller and every dollar counts. >> this is the type of thing that affects us here. yeah. this is a lot more than it would somewhere else. >> we're feeling squeezed no matter what. and that's what's causing a lot of people to be upset. this tax increase is just one other factor. >> reporter: it's not just prop 30 we have to worry about. if congress does not reform taxes and avoid the "fiscal cliff" that's scheduled at the end of the year, your tax bill could rise by the thousands. in years past, congress exempted most middle class and low-income families from something called the alternative minimum tax. if they don't renew that exemption, a family with two children making $90,000 a year could owe an extra $3,000 in taxes. >>
continue in egypt between supporters and critics of the recently elected president. security officials say a teenager was killed and dozens more were injured in dominor yesterday when protesters tried to storm officers. the protest began over president morsi's vision to give himself unprecedented powers. morsi contends his decree is temporary. >>> when office holders get their paychecks next month, they'll find them smaller. top officials from governor brown and 120 members of the state legislature will be getting a 5% pay cut. the pay cut is minimal compared to the cuts she took when she left san francisco for the the state job. she will earn $100,000 less than her san francisco attorney's job, gascon. but money isn't the people run for office. >> they're doing it because of a variety of factors, including the pursuit of power, the ambition to go to higher places and they want to give back to their community. >> the 5% pay cut was ordered by california's citizens compensation commission. it comes on top of the pay cuts totaling 18% over the past 3 years along with the elimination of fring
which he issued last week which prevents any challenge to his decisions until new parliament is elected. today police are firing tear gas at protestors. susan rice the u.s. ambassador to the united nations is going to meet with people regarding the libya killing. >> reporter: ambassador susan rice suggested that the benghazi attack was spontaneous violence. the obama administration later said it was a terrorist attack. rice heads to capitol hill today to meet with three of her harshest critics senators john mccain, lindsay graham and kelly ayotte. mccain now willing to hear her side of the story. >> i will be glad to meet with her and listen to her positions and justification for her comments but i'm -- i'm very unhappy with her performance. >> reporter: graham is also looking forward to hearing from rice. >> there will be a lot of questions asked of her about this event and others. >> reporter: ayotte told cnn that rice's staff contacted her about the meeting. she believes it will focus on rice's, quote, representations of what happened at benghazi. rice is considered a top pick to rep
. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their ideas. >> they had one message for the president at the oval office, they need certainty. please get this deal done as soon as possible. >> reporter: but spend anytime on capitol hill and it's easy to see a deal isn't forthcoming soon. >> there's been little progress with the republicans, which is a disappointment to me. >> their hard left doesn't want to change anything ever. they think any dollars spent or any commitment made by the federal government on any program at any time ought to be there in perpetuity. >> we are not going to accept an unfair deal that hurts middle class america today and protects the wealthiest americans. >> reporter: the president and congressional leaders have no talks scheduled for this week. susan mcginnis, cbs 5
Search Results 0 to 3 of about 4